Deutsche Bundesbank
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Transcript of Deutsche Bundesbank
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Deutsche Bundesbank
To safeguard the currency
By Tian,He
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Overview of Bundesbank
• Part of the European System of Central Banks (ESCB)
• Founded in 1957• Frankfurt am Main• 9743 Employees
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9 Regional Offices47 Branches nation-wide
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• Executive Board• Axel.A.Weber (Member of the Governing
Council of the ECB)
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s
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The Forms of the Bundesbank • 1948-1957• 1957-1990• 1990-1993• 1993-2001• 2001-PRESENT
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1948-1957
• Reichsmark was replaced by D-Mark (21 June 1948)
• Two-Tier central bank system• Central Banks of the States• Bank deutscher Lander in Frankfurt am Main
• Central Bank Council
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1957-1990• Bundesbank Act (26-July-1957)• Two-Tier Structure Abolished
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1990-1993• A treaty on May 18, 1990• The SOLE legal tender in both German states
—D-Mark
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1993-2001
• The Maastricht Treaty • National responsibility for monetary policy
was transferred to ESCB
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2001- present• ECB took over full control of currency in 2001
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Today’s duty• As a note-issuing bank• As the banks' banker• Refinancing Source and Clearing House for the Commercial Banks• Bank Supervision
• As the state's banker• As the manager of currency reserves
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Bequeath from Bundesbank• First Priority: Price Stability • Independence of Monetary Policy Making• A Relatively Decentralized Structure
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Independence in Bundesbank• The Most Independent Central Bank• Leading the “Bundesbank Model” • Opposite to the “new Zealand model”
• Lessons from the Past
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50 Years of the Bundesbank• Legacy of Stability passed on to the
Eurosystem
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Resources from• http://www.bundesbank.de• http://en.wikipedia.org
Thanks.